Jaysus, DerKaiser, THAT'S lateral thinking! While I think your reasoning is wacky, the weekly Friday pint philosophizing session would be all the richer with your contributions.
Are the government giving the banks our Pension Reserve Fund?
If they are handing our pension money over to the banks, this is probably why the retirement age is being raised. The last 3 years of our working lives, we will be working for AIB & BoI etc.
Your 3 points are correct. Something has to be done. BUT would you trust the government who cannot manage anything or the pension providers who are the worst in the world with your money?The options are:
1) Keep the pension age as is and reduce the amount
2) Raise the age from which it is payable
3) Tax the hell out of people throughout their working lives
There's a lot of reactionary comment here about how inept the government is and how evil pension providers are.
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Your 3 points are correct. Something has to be done. BUT would you trust the government who cannot manage anything or the pension providers who are the worst in the world with your money?
I'd rather burn it. In fact I'd probably be as wise to do that as trust the 'investment' institutions.
This decision is nothing to do with the current government other than their guts and ability to engage in measures of sensible long term planning that would be postponed by a populist government.
These decisions relate to the next 20 to 50 years. Sensible planning now on this measure will be felt long after the current crises are long forgotten.
This decision is nothing to do with the current government other than their guts and ability to engage in measures of sensible long term planning that would be postponed by a populist government.
1. The current government have been the government for most of the term of the Irish state and their record in terms of long term proper economic management is exactly what?This decision is nothing to do with the current government other than their guts and ability to engage in measures of sensible long term planning that would be postponed by a populist government.
These decisions relate to the next 20 to 50 years. Sensible planning now on this measure will be felt long after the current crises are long forgotten.
Balancing the books in terms of current deficits over time cannot be detracted from because of recent economic mismanagement.
Out of interest, who do you trust? Not the government, not the banks, not the insurance companies obviously?
Are we an incompetent nation of untrustworthy characters?
Can you not back the people of Ireland to make a half decent stab of electing a reasonable government and running a decent economy over the next 20 to 50 years?
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